St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-30

IA. st. Paul Belt Railroad Company.-We,
the undersigned, do hereby associate our
selves together for the purpose of forming,
creating and organizing a corporation pursu-
ant of the provisions OF chapter 81, of the
General Statutes of the State of Minnesota,
and the several acts amendatory thereof, and
do hereby. adopt and sign the following
articles of Incorporation:
First-The name of said corporation is and
shall be the ''St. Paul Belt Railroad Com
pany.'
corporation shall be to construct, maintain
and operate the railroads hereinafter mem
toned for public use in the conveyance of
persons and property, to-wit:
A line of railway OF standard gauge with
one or more tracks extending from con-
venient point of junction with the tracks of
the st. Paul Union Depot company at or near
the center of Third street, III the city of ST.
Paul, according to the recorded plat thereof;
thence. upon the most feasible route, in
general northerly and northwesterly direc-
ton, to point of junction with the
so.called Minneapolis, Sault Ste. Marie &
Atlantic railway, hereafter to be located,
within the town of White Bear, so-called,
together with one branch from such line ex-
tending in an easterly direction to a point of
junction with the sO-called Minnesota, St.
Croix d Wisconsin railroad in the town of
New Canada, and another branch extending
from such line in general westerly direc
ton from some convenient point thereupon
hereafter to be located, to point of juno
ton with the tracks and property of the
Minnesota Transfer Railway company, SO
called. said main line and branches being
severally and respectively within the county
of Ramsey and State of Minnesota.
ca Also lin line OF railway Of STANDARD 1uda
extending from some convenient point
upon the Minnesota & Northwestern
railroad, so called, hereafter to be located,
within the county of Ramsey or the county
of Dakota in said State of Minnesota, thence
upon the most feasible route in a general
westerly and northwesterly direction, to a
point of junction with the tracks of the Chi
cago, Milwaukee d st. Paul Railway COM
pany and the Minneapolis q ST. Louis Rail
way company and the Minneapolis & Pacific
Railway company and the Minneapolis
Eastern Railway company. at or near the
city of Minneapolis, so called, within the
county of Hennepin and State of Minnesota
The principal place of transacting the bust
ness of said corporation shall be and IS here
by. established and located at the city of
Saint Paul in the State of Minnesota.
SecOnd-The time of commencement of
said corporation shall be and is the date of
the completed filing, recording and publica-
ton OF these articles, and said corporation
shall continue for period of fifty years
from and after said time.
Third-The amount of capital stock of said
corporation is one million five hundred
thousand (Sl,5O0,OO0) dollars, and the
same shall be paid in when, and as, and in
such manner as the board of directors may
by resolution require, subject to the provi-
sions of law in that behalf.
Fourth-The highest amount of indebted
ness or liability to which said corporation
shall at any time be subject is five million
5000, 00O) dollars.
Fifth-The names and places of residence
of the persons forming this association for
incorporation are as follows: Edmund Rice,
DR., residing at st. Paul. Minnesota; William
G. Castor, residing at St. Paul, Minnesota;
William Dawson, Dr., residing at st. Paul,
Minnesota; John 81. Morrison, residing at
st. Paul, Minnesota; Edwin A. Jaggard, re-
siding at st, Paul, Minnesota.
Sixth-The names of the first board of
directors are as follows; Edmund Rice, Jr.,
William G. CASTOR, William Dawson. Jr.,
John III. Morrison and Edwin A Jaggard
The government of the corporation and the
management of its affairs shall be vested in
a board of directors, five 90 in number who
shall be chosen by the stockholders at the
annual meeting of the corporation held
upon such day in each year as shall from
time to time be designated by the bylaws of
the corporation. Only stockholders shall be
eligible to be directors
The board of directors shall, at their first
meeting, elect president, vice president sec
rotary and treasurer, who shall severally and
respectively perform such duties as are
usually performed by like officers of similar
corporations, as well as special duties from
time to time assigned to them by the board
of directors
The board of directors shall have all the
power and authority in and about the man.
agement of the affairs of the corporation now
vested or hereafter to be vested in similar
bodies by the laws of Minnesota now in force
or hereafter to be established. each director
shall hold his Office until his successor is
elected and qualified. All officers of the
corporation shall be stockholders
Seventh-The number of shares of the
capital stock of the st. Paul Belt Railroad
company is fifteen thousand Q5,00O) and
each share is and shall be of the par value of
one hundred (S1OO) dollars.
In witness whereof the rprc0Dc forming